NOT LISTED FOR SALE

508 S Cherry St Mena, AR 71953

Studio
-- Bath
9,504 Sq Ft
1.34 Acres Lot

Sale Details

Date Sold: September 25, 2024

Last sale price $875,000 $92 Per Sq Ft

1 Day on Market

Highlights

  • 1.34 Acre Lot
  • Traditional Architecture
  • Community Playground
  • Creek On Lot
  • Covered Patio or Porch
  • Picnic Area

About This Home

As of September 2024

Investment opportunity. 24 (2) bedroom apartment complex. Laundry facility on site. 3 buildings of 8 units each, 4 up and 4 down. Creek at rear of property. Each unit has a covered patio with a storage closet. Living/dining combo with a galley kitchen. Each unit offers a range & refrigerator. Spacious bath. each metered for separate electric. which tenant pays. Agents see Associated Docs.

Last Agent to Sell the Property

David Oates

Vision Realty Listed on: 06/17/2024

Co-Listed By

Diana Dugan

Vision Realty

Last Buyer's Agent

Christy Titsworth

United Country Arkansas Properties

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,378

Year Built

  • Built in 1979

Lot Details

  • 1.34 Acre Lot
  • Level Lot

Parking

  • Assigned Parking

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Brick Frame
  • Composition Roof

Interior Spaces

  • 9,504 Sq Ft Home
  • 2-Story Property
  • Sheet Rock Walls or Ceilings
  • Ceiling Fan
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Stove
  • Recirculated Exhaust Fan

Flooring

  • Carpet
  • Tile
  • Vinyl

Outdoor Features

  • Creek On Lot
  • Covered Patio or Porch

Schools

  • Mena Elementary And Middle School
  • Mena High School

Utilities

  • Central Heating and Cooling System
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • 24 Units
  • Property managed by Vision Realty

Amenities

  • Picnic Area

Recreation

  • Community Playground

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,378

Year Built

Built in 1979

Lot Details

1.34 Acres

Listing Details

  • Class: Multi-Family
  • Style: Traditional
  • Inside City Limits: Yes
  • LVT Date: 06/17/2024
  • Road Surface: Paved
  • Termite Company: Terminix
  • Type: Apartments
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Zoning: C-1
  • Source Of Sq Ft: Courthouse
  • Property Manager: Vision Realty
  • Estimated Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1979

Interior Features

  • Floors: Partial Carpet, Tile, Vinyl
  • Foundation: Slab
  • Stories: Two Story
  • Interior Amenities: Smoke Detector, Fan - Ceiling
  • Walls: Sheet Rock
  • Ceiling: Sheet Rock
  • Kitchen Equipment: Free-Standing Stove, Electric Range, Refrigerator-Stays, Exhaust Fan

Exterior Features

  • Exterior: Brick & Frame Combo
  • Roof: Composition
  • Exterior Features: Dumpster, Covered, Porch

Garage/Parking

  • Garage/Parking: Assigned

Utilities

  • Utilities: Sewer-Public, Water-Public, Electric-Municipal, Tv-Cable, Telephone-Private
  • Heating And Air Cond: Central Cool-Electric, Central Heat-Electric

Condo/Co-op/Association

  • Property Manager Phone: 479-394-1111

Lot Info

  • Estimated Lot Size: 1.34
  • Estimated Lot Size: 285' x 255'
  • Lot: Level, Creek, In Subdivision
  • Geo Subdivision: AR

Rental Info

  • Lease Type: Yearly

Multi Family

  • Tenant Expenses: Electric, Cable
  • Maximum Rent Two Bedroom: 550
  • Minimum Rent Two Bedroom: 375
  • Number Of One Bathroom Unitss: 24
  • Number Of Two Bedroom Units: 24
  • Number Units: 24

Tax Info

  • Annual Taxes: 7378

MLS Schools

  • Elementary School: Mena
  • HighSchool: Mena
  • Middle School: Mena
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/25/2024 09/25/24 Sold $875,000 -20.5% $92 / Sq Ft
06/18/2024 06/18/24 Pending -- -- --
06/17/2024 06/17/24 For Sale $1,100,000 -- $116 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,205 $173,200 $4,740 $168,460
2024 $7,378 $173,200 $4,740 $168,460
2023 $7,046 $173,200 $4,740 $168,460
2022 $6,556 $150,370 $4,740 $145,630
2021 $6,556 $150,370 $4,740 $145,630
2020 $6,737 $150,370 $4,740 $145,630
2019 $6,737 $150,370 $4,740 $145,630
2018 $6,737 $162,960 $4,450 $158,510
2017 $6,818 $152,190 $5,740 $146,450
2016 $6,818 $152,190 $5,740 $146,450
2015 $6,818 $152,190 $5,740 $146,450
2014 $6,590 $152,190 $5,740 $146,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 24021284

Cooperative Arkansas REALTORS® MLS
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